Tumultuous 2020 Rewards Investors Who Stared Down Turmoil
Bloomberg 1/1/2021 Gregor Stuart Hunter
(Bloomberg) The bell has just tolled on one of the wildest years in Wall Street history, full of precipitous plunges, improbable rebounds and human tragedy.
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The S&P 500 ended on an up beat, with a 1.4% gain in the holiday-shortened week. That pushed its 2020 gain to 16%, an ending that would have seemed far-fetched in the bear-market days of March.
Investors needed nerves of steel to stay the course, and those who did were duly rewarded. Stocks jumped to all-time highs. Corporate bond yields hit record lows. Speculative mania sprang up everywhere from Bitcoin to IPOs.
Nigeria: Concerns, As 6 Companies Dominate Nigeria s Stock Market allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
As analysts point to dangers, proffer solutions
At the backdrop of the recent bullish (trend in the) stock market, just six companies listed on the Nigerian Stock Exchange, NSE, now account for 71 percent of the market size, while a set of 15 accounts for about 90 percent of the market.
The total number of companies on the NSE as at last weekend is 165 with 150 of them confined to the little fragments of the market.
The market capitalisation of the six dominating companies hit N13.722 trillion last weekend while the total market capitalization peaked at N19.236 trillion.
The NSE market capitalisation of the equities refers to the total value of the equities of all the 165 companies listed on the Exchange.
Here are 173 approved NIN registration centres nationwide
In a bid to ensure proper registration of SIM cards, the Federal Government has approved 173 centres and 30 state government institutions to conduct.
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Thu Dec 17 2020
In a bid to ensure proper registration of SIM cards, the Federal Government has approved 173 centres and 30 state government institutions to conduct the enrolment of all persons into the National Identity Database (NIDB) on behalf of the National Identity Management Commission (NIMC).
NIMC announced the move on its website on Wednesday.
List of approved NIN enrolment centres nationwide thenationonlineng.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationonlineng.net Daily Mail and Mail on Sunday newspapers.